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DSL.net Reports Q4 and 2001 Results
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Business New Haven
3/18/2002
By: BNH
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NEW HAVEN - DSL.net Inc. (NASDAQ: DSLN), a direct provider of high-speed Internet access solutions for small and mid-sized businesses nationwide, has reported fourth quarter and full year 2001 financial results.
Revenues for the fourth quarter of 2001 were $11,075,000, a 56-percent hike over fourth quarter 2000 revenues of $7,116,000. Revenue for the full year 2001 was $41,969,000, a 136-percent increase over revenue for the year before. Recurring revenue for the fourth quarter 2001 accounted for approximately 95 percent of total revenues.
Said Keith Markley, DSL.net's president and chief operating officer, “The fourth quarter was a milestone in the company's history, as it was the first quarter in which the company was gross margin-positive.”
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